Sempra, an S&P500 megacap company, reported weaker-than-expected Q4 results and cut its 2025 EPS guidance due to regulatory matters and a higher-cost environment, leading to a 20% stock decline.

The U.S. multifamily housing sector faces challenges from both overdevelopment and capital market pressures, with ongoing issues anticipated through 2025.

October’s numbers did not look good, but November picked up momentum and December may be better, so fourth-quarter GDP may come in better than first feared.

Headline US consumer price inflation fell sharply from a peak of 9.1% year-on-year in June 2022, hitting a low of 3% in June 2023.

The highest mortgage rates in 20 years, the worst level of affordability since 1984 and increasingly tight household finances are starting to torpedo housing market activity.